Key data from the Friday March 16 pricing session in London. Key drivers: Cobalt prices had increased following the coronavirus (2019-nCoV) outbreak, but now prices are declining amid slow trade and limited inquiries, with sellers cutting offers and increasingly...Read More
The European antimony price edged down for both grades on Friday March 13, ending the uptrend that started on January 29 on logistic constraints amid the coronavirus (Covid-19) outbreak, Fastmarkets heard.If the limited availability of material from China supported prices in January and February, the price driver has shifted to the decrease in demand in Europe, with the continent now labelled the...Read More
The domestic Chinese antimony price fell sharply in the week ended Friday March 13 after some suppliers cut their offer prices significantly to secure business and generate cash in a market where buying interest is scant, market participants said. Fastmarkets' assessment of antimony, MMTA standard grade II, ddp China slid for the second consecutive week to 38,000-39,500 yuan ($5,421-5,635) per ton...Read More
Lundin Mining has put its expansion of the Neves-Corvo zinc and lead mine in Portugal on hold, intending to limit the spread of the Covid 19 virus in the local area."As the workforce for the project includes many contract employees who travel from other regions of Portugal and internationally, the risk is that the virus could be brought to the Alentejo region by people travelling to...Read More
A sharp decline in market sentiment, linked to the spread of the coronavirus (2019-nCoV), has halted activity and reduced prices in the Japanese construction steel sector, steelmaker Tokyo Steel said.The major electric-arc furnace (EAF) producer announced on Monday March 16 it will slash its April prices for H and I-beam by ?7,000-11,000 ($65-102) per tonne month on month and drop its steel plate...Read More
Italian secondary aluminium producer Raffmetal will cease production from March 16-22 amid ongoing concerns from the spread of novel coronavirus (2019-nCoV) in the country, a source close to the matter told Fastmarkets on March 13.At the time of publication the company, Europe's largest secondary aluminium producer, had not responded to Fastmarkets' request for comment.However, it is understood th...Read More
Quantifying...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s publishe...Read More
Global risk-off selling intensifies Global markets...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More
Aluminium Despite the broad-based selling in the LME...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download...Read More
Copper at its lowest since November...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as so...Read More
Prices more volatile, contango returns...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as...Read More
Nickel prices sold off again... The LME three-month...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the la...Read More
End of ‘low beta’...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it...Read More
Global risk sell-off intensifies The LME...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue...Read More
ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.SubscribeRead More
Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More
After a drop of 12.93% in the Dow Jones Industrial Average (DJIA) on Monday March 16, the futures in the pre-market are up by 4.96% this morning - close to the 5% limit.Three-month base metals prices on the London Metal Exchange were mixed, while those on the Shanghai Futures Exchange were down across the board, as they respond to Monday’s 1.8% average drop in prices on the LME. * Asian equit...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 25 points in pre-opening trade. Index futures were virtually unchanged following release of February Retail Sales at 8:30 AM EDT. Consensus was a gain of 0.2% versus an increase of 0.3% in January. Actual was a decline of 0.5%. Excluding auto sales, consensus was a gain of 0.2% versus an increase of 0.3% in January. Ac...Read More
Here are five Fastmarkets stories you might have missed on Friday March 13 that are worth another look.Brazilian miner Vale has said it may have to implement contingency measures or eventually suspend operations due to the global spread of the novel coronavirus (2019-nCoV) pandemic around the world.Most mill-grade aluminium scrap prices fell in the United States this past week, encouraged by weake...Read More
Here are five Fastmarkets stories you might have missed on Friday March 13 that are worth another look.Brazilian miner Vale has said it may have to implement contingency measures or eventually suspend operations due to the global spread of the novel coronavirus (2019-nCoV) pandemic around the world.Most mill-grade aluminium scrap prices fell in the United States this past week, encouraged by weake...Read More